|
|
FHA to implement new "FHASecure" refinancing product!
"Many hardworking American families who were able to make their mortgage payments under the initial teaser terms of the exotic loan are now struggling to make ends meet because their rates have doubled or tripled," said HUD Secretary Alphonso Jackson. "FHASecure will bring stability to the housing market and give eligible families who were in good financial standing before their loans reset a chance to keep their homes."
"Now is the time the country needs FHA," said NAR spokesperson Iona Harrison, a Realtor from Maryland, in testimony before the House Financial Services Subcommittee on Housing and Community Opportunity. "As subprime loans reset and real estate markets have cooled, a reformed FHA would be perfectly positioned to offer borrowers a safer mortgage alternative and help bring stability to local markets and local economies."
Apply Today!
Approved Today!!
Lock Rate Today!!!
Sleep Tonight.. At American First Mortgage good credit is rewarded and challenged credit understood. With our vast lender network, we are able to offer some of the lowest A credit mortgage rates as well as competitively priced non-conventional programs for borrowers with special income or credit needs. We provide mortgage loans for home buying, home refinancing, investment properties, debt consolidation, home improvements, or cash out for any purpose. We are experts on FHA and the new FHASecure loan programs.
O ur operating strategy centers around the use of the Internet to efficiently market our loan products and interact with our customers. Other technologies such as automated underwriting systems are also employed to further increase the efficiency of our operation. As a Tennessee based company, we do business in multiple states from a single location. All of these factors help us to keep our pricing very competitive.
|
|
